Common use of Certificates Representing Restricted Stock Clause in Contracts

Certificates Representing Restricted Stock. As soon as reasonably practicable after the Grant Date, the Company shall issue (by paper, electronically, or such other means as determined by the Committee) to the Grantee stock certificates representing the Restricted Stock, which certificates shall be registered in the name of the Grantee and bear all appropriate legends, as determined by the Committee. The Secretary of the Company will hold such certificates for the Grantee’s benefit until such time as the Restricted Stock is forfeited to the Company or the Restricted Period lapses, and, concurrent with the execution of this Agreement, the Grantee agrees to execute an irrevocable power of attorney in favor of the Company or its designee to affect any transfer of forfeited Restricted Stock to the Company in substantially the form attached hereto as Appendix A. Upon the lapse of the Restricted Period, stock certificate(s) for shares due upon settlement of the Restricted Stock will be delivered (by paper, electronically, or such other means as determined by the Committee) to the Grantee (or the Grantee’s beneficiary or estate, as the case may be).

Certificates Representing Restricted Stock. As soon as reasonably practicable after the Grant Date, the Company Corporation shall issue (by paper, electronically, or such other means as determined by the Committee) to the Grantee stock certificates representing the Restricted Stock, which certificates shall be registered in the name of the Grantee and bear all appropriate legends, as determined by the CommitteeCommittee in accordance with the Plan. The Secretary of the Company Corporation will hold such certificates for the Grantee’s benefit until such time as the Restricted Stock is forfeited to the Company Corporation or the Restricted Period of Restriction lapses, and, concurrent with the execution of this Agreement, the Grantee agrees to execute an irrevocable power of attorney in favor of the Company Corporation or its designee to affect any transfer of forfeited Restricted Stock back to the Company Corporation in substantially the form attached hereto as Appendix A. Upon the lapse of the Restricted PeriodPeriod of Restriction, stock certificate(s) for shares Shares due upon settlement of the Restricted Stock will be delivered (by paper, electronically, or such other means as determined by the CommitteeCommittee in accordance with the Plan) to the Grantee (or the Grantee’s beneficiary or estate, as the case may be).